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Press Release

DETROIT, MI, March 13, 2002 - United Auto Group, Inc. (NYSE: UAG) announced that, after the close of business on March 12, 2002, it commenced a public offering of 6,000,000 shares of its common stock, par value $.0001 per share, at $22.00 per share. Of the shares being offered, three million will be sold by the Company and three million will be sold by certain selling stockholders, some of whom have also granted the underwriters an option to purchase up to an additional 900,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on Monday, March 18, 2002. The offering is being underwritten by a group led by Bear, Stearns & Co. Inc. and Banc of America Securities LLC.

Sytner, traded on the London Stock Exchange (SYT.L), is headquartered in Leicester, England, and currently operates 48 franchises. For the fiscal year ending February 2002, Sytner is expected to have revenues of approximately $850 million. During the six months ended August 31, 2001, Sytner had revenue of approximately $459 million, an increase of 17 percent from the same period the previous year and operating profit of approximately $10.9 million; an increase of 31 percent over the comparable period in the prior year. Sytner has been successfully retailing and servicing automobiles in the UK for more than 30 years.

The Company also announced that it completed the sale, in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, of $300 million of Senior Subordinated Notes due 2012. The Notes carry a coupon rate of 9? percent and have been rated B3 by Moody's Investor Service and B by Standard & Poor's. The Notes have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States, absent registration or an applicable exemption from registration requirements.

Net proceeds from the offerings by the Company will be used to repay the Company's term loans and reduce the revolving portion of the Company's credit agreement.

UnitedAuto, which has pursued a strategy based on internal growth from its existing dealerships, as well as from strategic acquisitions, operates 128 franchises in 19 states, Brazil, Puerto Rico and the United Kingdom. UnitedAuto dealerships sell new and used vehicles, and market a complete line of after-market automotive products and services.

Statements in this press release may include forward-looking statements. These forward-looking statements should be evaluated together with additional information about UnitedAuto's business, markets, conditions and other uncertainties which are contained in UnitedAuto's filings with the Securities and Exchange Commission and which are incorporated into this press release by reference.